Due to the huge number of consumers, the market demand curve for chocolate is ______.
a. intermittent
b. stepped
c. smooth
d. zig-zagged
c. smooth
Economics
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The theory of public choice deals primarily with
A. how government regulations affect the decisions of individual consumers. B. individual decisions in a free market. C. government actions that do not reflect the preferences of consumers. D. collective decision making.
Economics
The multiplier equals
A. change in consumption/change in real disposable income. B. consumption/real disposable income. C. 1/(1 - MPC). D. 1/MPC.
Economics
Needs-tested spending
A) is directing government spending and taxes to states that need the most hel
Economics
Markets tend to
A) exist primarily in towns or cities. B) increase transaction costs. C) reduce transaction costs. D) make exchange more difficult.
Economics